There've been no new posts here for months, so I'm wondering how's everybody doing? Are you retired or working? Is your retirement income (or projected income) on plan? Have you lost your job and suddenly realized, by golly I'm retired?

Here's whassup with us. DH only needs 10 years of service instead of 15 as we thought to qualify for employer-subsidized retiree health insurance. So, if he works an additional 3 semesters (beyond the end of this school year when he planned to retire at 62), we'd save a bit over $500/month--for the rest of our lives (plus get another $100 or so/month in pension, plus another $300+/month by delaying application for Social Security). That ain't hay. He's considering it, still enjoying his job, but probably not as much as he'd enjoy retirement.

Another wrinkle is that my daughter is expecting our first grandchild, and I kind of want to live close to them. But that means close to Manhattan--much more expensive than South Carolina(!). In order to do that, we'd have to make significant cuts to discretionary parts of the budget (travel, computers, cable, books, facials...). Still mulling it all over. (NY state is actually not a bad place to retire as they don't tax SS or hubby's SC state pension--that's most of our retirement income, leaving us in a very low income bracket. Housing and utilities are expensive there, however. Even CT exempts SS income, but not out-of-state pensions.)

Last time I posted about it, it looked like our income streams would be as follows:

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.

Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.